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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Manufacturing properties
18038 Oak Rdg Dr Hagerstown, MD 21740-2373
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-0905570
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1975
Construction
BRICK
Total area
72,000 SF
Lot
5.9 ac (257,004 SF)
Zoning code
IR
APN
26-001129
UPID
US40-0905570
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Weiss Bros., Proudly Part of BradyPLUS Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.68M
Owner & transaction history
Banks Stillwell Properties LLC · 5 yrs held
Banks Stillwell Properties LLC
since 2020
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
IR · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hagerstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hagerstown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,685,000
ML approach
$1,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,470,000
Current use
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±10% · vs last sale $1.62M (Nov 24 2020)
Last sale anchor
$1.62M
Nov 24 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$23 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,428
Tax year 2023
Assessed value
$3,406,500
Assessed 2023
Previous assessed
$3,406,500
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$401,200
Assessed improvement
$3,005,300
Land market value
$401,200
Improvement market value
$3,005,300
Total market value
$3,406,500
Applied tax rate
26.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1975
Construction
BRICK
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
72,000 SF
Lot
5.9 ac (257,004 SF)
Zoning code
IR
APN
26-001129
UPID
US40-0905570
Jurisdiction
WASHINGTON
Zoning & alternative use
IR · Hagerstown, MD
Zoning IR · permitted uses
IR · Hagerstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hagerstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
5.9 ac
Current owner
From public records · entity-resolved
Banks Stillwell Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
9317 EARLEY DR, HAGERSTOWN, MD 21740-1736
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2020
—
Banks Stillwell Properties LLC
Andrew Banks
Quit Claim Deed
related
—
Aug 5, 2019
$1,622,716
Banks Stillwell Properties LLC
Article Third-b Marita Trust
Grant Deed
—
Nov 21, 2018
—
B,a T Marital Residuary Trust
Banks Stanley
Quit Claim Deed
related
—
Jul 12, 2017
—
Banks,georgette Living 2012 Trust
Georgette Banks
Quit Claim Deed
—
Apr 20, 2017
—
Georgette Banks
Banks Lawrence
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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